Trading is like a psychological battle, where the core competition is patience and wisdom.
Every operation feels like a spar with the market. The market sends signals, and I respond; if the response is inappropriate, I temporarily exit and wait for a better opportunity. In this contest, I have summarized the following insights:
First, it is important to understand that the financial power of the market far exceeds that of individuals, and confronting it head-on is not a wise choice. Only by following the trend can one seize profitable opportunities. When the market is unfavorable, decisively cut losses; and when the situation is favorable, take advantage to expand profits.
Second, I always set a fixed loss limit for each trade, and this stop-loss line helps me remain calm and prevents me from making erroneous judgments due to emotional outbursts.
Third, significant market movements usually come with sharp fluctuations, which present opportunities for substantial profits. As for sideways markets, I choose to steer clear because in such conditions, returns are often not worth the time and effort invested.
Finally, I prefer to wait for the market to show clear trends before acting accordingly. This responsive approach after observation often increases the success rate of trades more effectively.
As an experienced cryptocurrency investor, I freely share my experiences and insights. Are you interested in the crypto world but don’t know where to start? Follow me to see how I brew ideas and guide you to achieve freedom in this bull market.